Page 95 - Libra News Today

Technology is not displacing the functional competence of banks so you will need banks for transformation of credits and time risk and lot sizes and you will still need humans but the media would change they would do this on the block like they do it today and i t. systems not on paper. crypto crosses like bitcoin theory of for example have been around for a while but they have not really caught and gone with the masses half that i mean i dont have any big con i dont use bitcoin to pay facebooks...

Case, however, is to compel documents, interview witnesses, talk to other businesses in the industry who may have concerns about facebook and ultimately, you know, congress could come up with legislation that would inform the policies governing silicon valley moving forward and put pressure on the anti-trust regulators to be more aggressive in bringing a case, potentially. >> you know better than most, the scope, the span of accusations against facebook, accusing them of violating peoples privac...

Hours with mark winner and richard blumenthal who wants football to be broken up because he thinks big tech is too big. when zuckerberg was asked if a breakup would be a bad idea, blumenthal says he has a long way to go before he changes his mind. >> even though we may differ, i was very impressed by the thoughtful comments on privacy and im hoping we can work together even though we may differ on other areas. >> neil, theres a lot of concern that facebook is getting too big and a lot of skept...

To oversee our algorithm and to handle appeals. its their own compliance department. >> neil: but these legislators want more now. they have this digital currency, we want to look at that. youre freaking us out. that theyve got ten too big for their britches. >> yes and havent provided confidence in the markets and to congress. so what were going to see is an extension of -- theres a telecommunications act, section 230 that protects giants like facebook. theyre shielded from the third parties th...

Behavior and if you look at facebook they have more users than the combined population of china and the u.s. so there is this claim there and then also facebook will probably face of questions if there are any plans to somehow connect libra to some of facebooks services like what theyre for example or also the messenger services but this is really only one of many regulatory issues that facebook is facing with libra and with its other services in general as well now staying on tech giants french...

The death of an unidentified man whose body was found in a lake in british columbia. the justice department launching a formal antitrust probe of big tech. lawmakers, as you know, have increasingly focused on compliance of anti--- complaints of anti-competitive behavior concerning amazon, facebook, google. those companies were not specifically named by the justice department, but the agency indicated it will look into areas where they are dominant players. the review tells a week of congressio...

Pulling $300000000.00 u.s. dollars in funding the a i b would have injected the construction projects with an additional 200000000 dollars. an indian government committee headed by the countrys finance secretary has taken aim at cryptocurrency its recommending a ban on all private virtual money and stern repercussions for anyone dealing in it the panel proposes up to 10 years imprisonment or a $250000000.00 rupee fine for anyone found to be trading in digital currency issued by foreign private e...

Would not be in anyones digital wallet until global regulators was satisfied we will take the time to get this right we expect the review of libra to be among the most extensive ever we are fully committed to working with regulators here and around the world and let me be clear and unambiguous facebook will not offer the libor a digital currency until we have fully addressed regulators concerned and received for preity approvals. marcuss appearance before the committee came a day after u.s. trea...

Capitol hill. lawmakers calling out the social media giant over its plans to create a cryptocurrency. >> the h question is, will you accept all of your compensation in this new currency? >> senator, lee brially bra sent to replace bank accounts. >> skeptical senators during that hearing on capitol hill, both republican and democratic lawmakers had a lot of tough questions for the head of libra, facebooks cryptocurrency project theyre working on, really specifically over privacy concerns and how ...

>> the he question is, will you accept all of your compensation in this new currency that you want us to trust you so much? >> senator, libra is not meant to compete with bank accounts. >> reporter: next up, the data breaches and privacy scandals thascanplagued facebook in reces and accusations that the company is not secure enough to be trusted with a financial network. >> truthful reporting has been displaced by flagrant displays of [bleep]. facebook wants to control the money supply. what cou...